Canada slaps 100% hike on financial requirements for foreign students | Africanews ...Middle East

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Canada slaps 100% hike on financial requirements for foreign students | Africanews
The Canadian government has announced an increase in the cost-of-living financial requirement for international students applying for a study permit. Starting from January 1, 2024, individual students must now demonstrate the availability of CAN$20,635 in funds, more than double the previous requirement of CDN$10,000. The move aims to address a concerning trend where students, meeting the previous threshold, struggle upon arrival, exposing themselves to potential exploitation and financial vulnerability. The adjustment is the first in a decade and reflects a broader scrutiny of Canada’s international student program by the federal government. Economically, the new amount represents 75% o

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